NIB financing municipal water infrastructure in Tanum, Sweden

NIB and the municipality of Tanum have signed a 25-year loan facility of SEK 150 million (EUR 14.65 million) to finance investments in water supply and wastewater treatment.

The long-term loan from NIB will co-finance projects in Tanum to install a wastewater pipe from Fjällbacka to the more efficient wastewater treatment plant in Bodalen, and to expand an existing drinking water plant.

Tanum is located on the west coast of Sweden and has a population of some 12,700 inhabitants. During summer, the population grows considerably. Because of that, the municipality needs to increase and enhance its drinking water supply capacity. Safe fresh water is essential for public health and is one of the most important prerequisites for good living.

The wastewater projects will improve the collection and sewage system, and reduce the infiltration of storm water into the sewage system. Extension of wastewater treatment services will improve comfort for inhabitants and reduce the nutrient loads from wastewater discharges into the ecosystem.

In total, the investment programme in water and wastewater amounts to approximately SEK 300 million, of which about SEK 100 million is for investments in freshwater infrastructure, with the remainder for improvements in the wastewater infrastructure.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.